Canada’s Osino Sources has acquired a 20-year mining licence and constructive environmental allowing evaluate for its Twin Hills gold venture in Namibia.
The ‘Preparedness to Grant’ licence has been issued by the Namibian Ministry of Mines and Vitality (MME) and is topic to assembly sure customary situations.
A few of these situations embrace the issuance of the Environmental Clearance Certificates (ECC) by the Namibian Ministry of Surroundings, Fisheries and Tourism (MEFT) and securing remaining secondary permits to function the mine, amongst others.
Primarily based on the pre-feasibility (PFS) research, the Twin Hills mine could have a mean gold manufacturing charge of 169koz each year throughout its ten-year operation. It’s anticipated to have a 13-year open-pit mine life.
Osino co-founder, president and CEO Heye Daun mentioned: “Receipt of the mining licence is a significant endorsement of the progress Osino has made with the development of the Twin Hills Gold Venture and confirms the assist of the Namibian authorities for the continued growth of the venture.
“Twin Hills’s stature as certainly one of Namibia’s most enjoyable mining growth tasks continues to develop and we’re very appreciative of the partnership proven by all Namibian allowing authorities all through this course of.”
Osino carried out greater than 220,000m of drilling and superior technical research on the Twin Hills venture since its grassroots discovery in August 2019.
The Twin Hills Discovery types a part of the agency’s Karibib Gold Venture, which contains 12 contiguous licences to the north-east of Karibib.
